2019 (11) TMI 1764 - AT - Insolvency and Bankruptcy

Maintainability of appeal - application under Section 9 of the I B Code still pending - HELD THAT - The application under Section 9 of the I B Code filed against the Appellant M/s. Amrit Cements Ltd. is still pending before the Adjudicating Authority (National Company law Tribunal) Guwahati Bench, Guwahati merely because certain record has been called for by the Adjudicating Authority, we are not inclined to interfere with the impugned order dated 25th October, 2019. Whatever the arguments as raised on behalf of the learned counsel for the Appellant may be raised before the Adjudicating Authority before it passes the final order under Section 9 of the I B Code and thereafter, if there is an aggrieved party, that may move before this Appellate Tribunal. Appeal disposed off.

Summary

The National Company Law Appellate Tribunal in New Delhi dismissed the appeal against M/s. Amrit Cements Ltd. as the application under Section 9 of the I&B Code is still pending before the Adjudicating Authority in Guwahati. The appeal was disposed of with this decision.